Texas and Southwestern Cattle Raisers Foundation

“The executive committee, consisting of the president, vice-president of the board of directors and three additional directors elected by the board conduct the business of the corporation between the annual or semi-annual meetings of the full board of directors. They report their activities for ratification at regular or special meetings of the full board. The executive committee is specifically charged with formulating the corporation's policies, guidelines for the solicitation of donations, grants and funding of money and property from persons or agencies. After board ratification, the executive committee is responsible for the implementation of these policies and guidelines.”

“Line 2 explanation - patricia d b mccall, vice president of the foundation, has a family relationship with john p boswell, trustee.”

“Line 6 explanation - the term "member" of the corporation is not synonymous with the term "member" in the texas business organizations code. The members of the organization are non-voting.”

“The form 990 is prepared by the foundation's certified public accounting firm after the annual audit has been completed. When complete, the return is reviewed by the executive director and treasurer before being forwarded to the finance committee, which has been charged with review of the form 990 before it is filed. Copies of the return are provided to all members of the board of directors before the return is submitted to the irs.”

“The conflict of interest policy requires officers and trustees to fill out a disclosure on an annual basis that is first reviewed by the associate director, then the executive director and treasurer and then the board.”

“The executive director is employed by an organization which is related to the foundation. The foundation shares the costs of her salary, benefits and related payroll taxes with that organization. The board of directors, in conjunction with the board of the related organization, reviews and approves the compensation of the executive director after comparison with the salaries of other executive directors for museums in fort worth.”

“The foundation's governing documents and financial statements are available upon request.”

“Texas and southwestern cattle raisers' foundation (the foundation) has no employees. It's executive director, membership director, administrative assistant and temporary staff are paid by the national cowgirl museum and hall of fame, a related organization. The foundation reimburses the national cowgirl museum and hall of fame for its' portion of the executive director's salary, benefits and payroll tax expense, and for all of the associate director's and the temporary employees' salaries, benefits and associated payroll tax expenses. Under the common paymaster rules, the amount reimbursed to the national cowgirl museum and hall of fame for work performed for the foundation is reported as if it was paid directly by the foundation. The foundation's education director is paid by the fort worth museum of science and history (fwmsh), an unrelated organization. The foundation reimburses fwmsh for those compensation expenses. The reimbursed amounts are reported on part ix of form 990 as compensation and compensation related expenses in order to accurately present the expenses of the foundation.”